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U.S. Ethanol Producers Face Market Headwinds, with $1.8 Billion of Projects on Tap
Industry Segment: Alternative Fuel | Word Count: 630 Words
Attachment: Ethanol US 0819
SUGAR LAND--August 16, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Estimated operating margins for corn-based fuel ethanol plants in the U.S. Midwest plunged to an average of 3.5 cents per gallon in the first half of 2019, then to nearly zero in July, according to the U.S. Energy Information Administration (EIA). Rising ethanol production and falling domestic demand were cited by the EIA as the major reasons, resulting in higher ethanol inventory levels. Industrial Info is tracking more than $1.8 billion worth of active ethanol-production projects in the U.S., with the Midwest region accounting for about 40%.
Within this article: Details on some of the key U.S. ethanol-production projects, both proposed and under construction, to use corn and other feedstocks.
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